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Re: researcher59 post# 111700

Saturday, 03/16/2024 1:26:53 AM

Saturday, March 16, 2024 1:26:53 AM

Post# of 112576
R59- DRCT & GCT

are both very likely scams IMO. A great example of how one can get caught up in chasing scam stocks is the infamous China stocks from 2009 to 2011. I'll never forget putting over half my portfolio in China stocks in 2011. I mean PEs were tiny, growth was spectacular. and balance sheets were healthy. Also, these stocks kept going up for years, so the thought for me was, how can I go wrong ? Well 2011 was the second worst year I ever had. It turned out that 2011 was the very year, a few respectable short sellers proved many China companies frauds, and I lost around 65% on my portfolio that year. So many were basically a desk and a chair- How could we know ! It took me almost two years to recoupe that loss.

Now while I realize DRCT and GCT are not as bad as the China stock frauds in 2011, they're still both scammy. I mean, while its very tempting to play stocks like these and stick with them while the momentum is strong, you never know when they'll be found out convincingly, but when they do & the bottom falls out, it's super ugly- like 50% in a day, and then another 50% over the next week, and before you know it, these stocks are down 90% from their recent highs. I truly feel that will eventually happen with DRCT and GCT. I don't understand what either company does exactly, and am more along the lines of firmly believing the likes of the short report back in December or January on DRCT.

While I realize I am a trader, and put a high % of my portfolio in certain stocks(which in itself is risky), I am nowhere near the level of gamblers that have stuck with stocks like DRCT and GCT. While I realize these people have made out like bandits, they are the same people that will likely lose everything eventually.

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